News

Indian Startup Funding This Week [6-11 April]-2020

This week overall 11 startups have raised funding , in which Bigbasket and Rebel Foods has raised the highest amount of funding i.e $50 million.

Indian Startup Funding Of The Week

1) BigBasket:

BigBasket online food and grocery store in India with over 18,000 products online has raised $50 million form Alibaba  to bring supply chain on track as company has witnessed huge demand during coronavirus lockdown

2) Rebel Foods:

Rebel Foods cloud kitchen restaurant company, with over 1500+ restaurants serving across 16 cities via online food delivery has raised $50 million from US hedge fund Coatue Management company operates with brands such as Behrouz Biriyani,Faasos, Oven Story, Firangi Bake and Mandarin Oak

3) Swiggy:

Bengaluru-based swiggy online food ordering and delivery platform has raised $43 million from existing, new investors

Indian Startup Funding 6-11 April

4) Aye Finance:

Aye Finance a finance company that provides business loans to micro and small businesses has raised $23.8 million in Debt Funding from Major Local and International Investors

5)  DeHaat:

DeHaat a mobile based technology which connects small farmers to their 360 degree of agricultural requirement seed to market has raised $12 million Series a investment under the leadership of Sequoia Capital

6) Vedantu :

Vedantu online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment has raised  $12.56 million from the Chinese venture firm Legend Capital

7) Zupee:

Zupee online gaming company has raised $8 million Series A funding led by Matrix Partners

8) Lido Learning:

Online tutorial platform Lido which provide provides online tutorials for maths and science in small batches six students per teacher for classes 5-9 in India’s ICSE and CBSE syllabus has raised  $7.5 million from Alibaba-backed BAce Capital.

9) Zomato:

Zomato Indian restaurant aggregator and food delivery start up has raised $5M from Baillie Gifford affiliate fund

10) Capital Float:

Capital Float digital lending service provide which uses technology and big data analytics to deliver innovative credit products to businesses and individuals across the country has raised $4.8 million existing investors Amazon Inc and Dinesh J Hinduja.

11 ) BankBazaar:

Bankbazaar online financial product comparison platform which allows users to apply for various financial products and solutions such as Loans, Credit Cards has raised $3.8 million from Amazon and Walden SKT Venture Fund.

Note: “Every week we track the startup which raised fresh round of investment , check our website for next week funding round”

SelectYourDeals Team

Selectyourdeals Team helps people to understand the technology in the better way, at Selectyourdeals you will get the latest technology related news, which will help the user to make a better decision about a particular product and the technology used in it

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